The Harbaugh Bowl: Sibling Rivalries On Steroids

The Super Bowl matchup is now decided with the two Harbaugh brothers once again facing each other. This time it’s in the ultimate contest; the Super Bowl. Sports are filled with rivalries, but what happens when you add siblings to the rivalries. This earlier article describes many of the high-profile sibling rivalries in sports including the Manning brothers and Williams sisters. (ARTICLE)

Going Outside – The Runaway Manager

“Before we knew it, we learned that we were having a Grand Opening for our new Manhattan retail store later that week. And we weren’t even a retailer“

To help with the growth our family business, our family hired a key non-family manager for the first time.  Attracting an outside manager into a family business is especially challenging with regards to compensation.  Like many closely-held firms, we weren’t willing to give up equity in the business, so we created a compensation package built around a performance bonus.  We selected an outside executive who came from a larger company, who brought proven expertise to grow our company rapidly. Coupled with their high ambition, it seemed like a good idea to tie their compensation into sales growth. More…